Flag Norway / Uruguay Flag

2019
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Exports
: $19.1M, Rnk 85 / 208

2019
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Top Product
: $11.8M, Processed Crustaceans

2019
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Exports
: $53.6M, Rnk 28 / 167

2019
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Top Product
: $28.9M, Animal Meal and Pellets

2019
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Economic Complexity (ECI)
: ECI 0.84, Rnk 38 / 157

2019
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Economic Complexity (ECI)
: ECI 0.11, Rnk 68 / 157

2019
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GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
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 GDP
: $56B, CURRENT US$
Rnk 81 / 187

2009-2019
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GDP GROWTH
: 77%, CURRENT US$
Rnk 50 / 187

2019
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GDP PC 
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

2019
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GDP PC 
: $16,190, CURRENT US$
Rnk 55 / 187

2009-2019
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GDP PC GROWTH
: 71.3%, CURRENT US$
Rnk 33 / 187

Norway-Uruguay: In 2019, Norway exported $19.1M to Uruguay. The main products that Norway exported to Uruguay are Processed Crustaceans ($11.8M), Other Measuring Instruments ($1.55M), and Woodworking machines ($1.48M). During the last 24 years the exports of Norway to Uruguay have increased at an annualized rate of 10.4%, from $1.78M in 1995 to $19.1M in 2019.

In 2019, Norway did not exported services to Uruguay.

Uruguay-Norway: In 2019, Uruguay exported $53.6M to Norway . The main products that Uruguay exported to Norway were Animal Meal and Pellets ($28.9M), Iron Pipes ($13.1M), and Frozen Bovine Meat ($8.3M). During the last 24 years the exports of Uruguay to Norway have increased at an annualized rate of 9.05%, from $6.69M in 1995 to $53.6M in 2019.

In 2019, Uruguay did not exported services to Norway.

Comparison: In 2019,  Norway ranked 38 in the Economic Complexity Index (ECI 0.84), and 35 in total exports ($109B). That same year, Uruguay ranked 68 in the Economic Complexity Index (ECI 0.11), and 93 in total exports ($9.1B).

Bilateral Trade by Products

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Depth
Value

In 2019, Norway exported $19.1M to Uruguay. The main products exported from Norway to Uruguay were Processed Crustaceans ($11.8M), Other Measuring Instruments ($1.55M), and Woodworking machines ($1.48M). During the last 24 years the exports of Norway to Uruguay have increased at an annualized rate of 10.4%, from $1.78M in 1995 to $19.1M in 2019.

In 2019, Uruguay exported $53.6M to Norway. The main products exported from Uruguay to Norway were Animal Meal and Pellets ($28.9M), Iron Pipes ($13.1M), and Frozen Bovine Meat ($8.3M). During the last 24 years the exports of Uruguay to Norway have increased at an annualized rate of 9.05%, from $6.69M in 1995 to $53.6M in 2019.

Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $20B

Uruguay
Top Destination
: China, $2.63B

This map shows whether countries import more from Norway or Uruguay. Each country is colored based on the difference in imports they receive from Norway and Uruguay or the difference in the growth in imports.

In 2019, countries that imported more from Norway than Uruguay were United Kingdom ($20B), Germany ($15.5B), and Netherlands ($11.1B).

In 2019, countries that imported more from Uruguay than Norway were Brazil ($1.12B), Argentina ($438M), and Paraguay ($216M).

Comparative Advantage Norway - Uruguay

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Depth

This chart compares trade between Norway and Uruguay by product, considering products traded by both, Norway and Uruguay.

During 2019, Norway had a large net trade with Uruguay in the exports of Foodstuffs ($11.8M), Machines ($2.93M), and Instruments ($1.8M).

During 2019, Uruguay had a large net trade with Norway in the exports of Foodstuffs ($29.1M), Metals ($13.8M), and Animal Products ($9.02M).

Tariff Section

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This section shows import tariffs for products traded between Norway and Uruguay (using the HS6 product classification and the last year reported).

In 2018, the products from Norway that paid the highest import tariffs to enter Uruguay were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

In 2018, the products from Uruguay that paid the highest import tariffs to enter Norway were Refined sugar, in solid form, flavoured or coloured (35%) and Refined sugar, in solid form, nes, pure sucrose (35%).

Explore Tariff Data

*The tariffs present between Norway and Uruguay are:
136: Most Favoured Nation duty rate treatement
143: Norway Generalized System of Preference

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Uruguay. Similarly, the more red a dot/product is, the more Uruguay has comparative advantage over Norway.